7 Most Lucrative Food Business Ideas and Opportunities
Have you ever thought of food business ideas that succeed even in harsh economic condition? You may say no simple business opportunities in food industry like that. But remember that even when things go hard you still eat. Beverage and other food product business is one industry that is yet to fail regardless of the economic condition of the country. You must have been considering starting a profitable small food business because you're tired of your present job.
So many aspiring entrepreneurs now are seriously looking for a new food manufacturing and processing businesses to venture into. Food business is one lucrative business for all seasons. People must eat! So the most homemade and fast food prep businesses keep flourishing no matter your location.
Making money from unique ideas for food business requires the knowledge of food safety because you will be dealing with human health. There are several health and legal requirements and regulations to open most business ideas related to canned and processed food.
READ: Top 10 Most Profitable Small Businesses To Start 2016
In this post, I have compiled 7 best food business ideas for rural areas and cities that one can start from home with little investment capital.
Different Types of Food Business Startup Opportunities To Start: Food Business Tips
1. Become a Food Source
Every chain in the food supply business depend on the producer. What I simply mean is you have to become a global farmer. I did not put the English well? Stay there! One of your ex-president is a farmer making millions daily and he don't hide it from anyone. Proudly called himself a farmer.
SEE: Top 30 Business Ideas in Agriculture
To make pop-corn, corn is needed from the producer (farmer). To process plantain chips, a successful food business company also need fresh plantain from the producer which is also the farmer. So you can choose to grow a full-hectare of corn farm or own a large plantation farm.
Not to even talk on fruits. When packaged food companies like Chivita or Five Alive want to produce juice, they also go to the farmer. So you can say that there are many new wholesale opportunities in becoming a successful organic food source. It may only require hard work and time at the beginning but you will surely reap the benefit at the harvest season.
2. Operate a Restaurant
This is a very large market with young and old rushing in and out from different restaurant everyday just to get a quick food service. You can operate just one restaurant and make millions from it. As expensive as those healthy or fast food you know, people still go there to eat. So what are you waiting for?
Owning and operating a restaurant does not necessary means that you must know how to cook. In fact, you're the best cook does not mean you should open a restaurant. As far you're good in managing people and things, then you can operate a restaurant. What you just need is a business plan and a good team which involves the cook, service attendances, cleaners etc.
3. Food Retailing
Opening a retail food business is easy. If you're thinking that becoming a farmer is too stressful and it takes a lot of time compared to selling food, you can consider becoming a mobile food retailer. Your role in this top food distribution business is to source for location where summer foodstuff are very cheap and buy them in bulk from the rural area to sell in the cities using food truck, trailer, minivans and from opening stalls. You don't need to own a farm, you just negotiate with the farmer to get the farm produce at a low price, then you can sell to cities where cottage and home food stuffs are very expensive.
4. Running a Catering Services
This easy food based business can be operated as a part-time business and expanded to full-time as the business grows. Getting customers for a food catering service is all about networking with event planners. You can also share your business card with friends, relatives, your church and corporate organizations.
5. Start a Bakery Business
Bakery is one thriving food related business with huge market demand. You can consider operating a bread bakery in your locality. You and I know that the demand for bread is high. And no matter the number of bread bakery in a street or locality, if your retail marketing is good and your brand awareness is superb, you will surely out-smart your competitors. It is not about reducing your price, it's about baking quality bread that customers want.
6. Start a Water Factory
I know you will say the competitors are too much. But let me ask you a question, when was the last time you bought the sachet or bottle water made by a particular company? Or have you ever gone to buy sachet or bottle water and you mention the name of the company you want? That means no matter the competition, water companies are still making their money back to back. Millions if not billions of sachet and bottle water are being consume daily. You just need to have a good delivery network. This means, you should have a vehicle to do delivery to restaurant, fast food and retail stores.
7. Food Blogging
Do you really love cooking? Would you love to teach others how to cook different types of local and international specialty food? If you have consider running an online food and nutrition consultancy services but you don't have the finance, then you can operate a food blog. You can write an e-book on 30+ delicacy food preparation and give it out for free to build your list or at a little fee to make sure cool cash from this internet based food business start up opportunity.
As your audience begin to grow then you can start making good income by selling space on your blog for advertisements or run Google adsense and get paid by Google. You will need a very large audience to start making good cash from your food blog business.
MORE: Top 10 Fastest Growing Small Businesses In The World
What do you think about these booming food business ideas? Is food business profitable? Share
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